Housing Wire

SEPTEMBER 16, 2021

Although delinquency rates decreased across categories in the second quarter, as shown in Exhibit 2, the biggest decline was for loans that were 90+ days past due. Note that some of these loans in the foreclosure inventory may have been so prior to the pandemic. Exhibit 4. This represents about 1.5 million homeowners.

Mortgages 477

Mortgages Loans VA loan Investor 477

Housing Wire

FEBRUARY 22, 2024

” In January, serious delinquencies (loans 90 or more days past due) were down month over month, subtracting 5,000 borrowers in that category and affecting 470,000 loans in total. Meanwhile, the active foreclosure inventory rose to 219,000, adding 7,000 since December. On the other hand, foreclosure starts marked a 43.3%

Mortgages 366

Mortgages Loans Staging Sales 366

Housing Wire

FEBRUARY 5, 2024

While this won’t lead to a “silver tsunami” when it comes to a flood of housing inventory, the impacts of an aging population are difficult to ignore. It also suggests that the Implementation Tracker be updated to include categories for each initiative’s area of focus rather than producing separate reports containing these designations.”

Equity 382

Equity Development Design Mortgages 382

Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. Still, some boomers are ready to downsize into a condo or move somewhere new for retirement, and the mortgage-rate lock-in effect is starting to ease–so even though there won’t be a flood of inventory , there will be a trickle.”

Equity 454

Equity Mortgages As-is Sales 454

Housing Wire

SEPTEMBER 6, 2023

Fitch attributed this decrease to macroeconomic headwinds, including rising mortgage rates and housing affordability challenges brought about by low inventory , which have greatly diminished origination volumes. However, Fitch noted on Tuesday that premiums were down 37% year-over-year for the first half of 2023.

Title 361

Title Industrial Commercial Mortgages 361

Housing Wire

AUGUST 19, 2021

The category that caused the most unease at the beginning of the pandemic was the 90-day delinquency bucket, which dropped by 72 bps to 3.53% in the second quarter (a record decline), the MBA said. Meanwhile, the 30-day delinquency rate decline by 4 bps to 1.41% and the 60-day delinquency category declined by 15 bps to 0.52%.

VA loan 424

VA loan Mortgages FHA loan Loans 424

Housing Wire

AUGUST 28, 2023

Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

Technology 370

Technology Mortgages Industrial Marketing 370

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. For the most part, it’s the $3 million and under category. Cohen funded $751.4

Mortgages 356

Mortgages Marketing Loans Banks 356

Housing Wire

MARCH 12, 2023

Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. Weekly housing inventory Here we go again; we still haven’t hit the elusive bottom for seasonal inventory, which makes this the third year in a row that the bottom in inventory will happen in March or beyond.

Mortgages 370

Mortgages Marketing Banks As-is 370

Housing Wire

MAY 4, 2023

On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Inventory has increased from a year ago but in most markets, it is still well below pre-pandemic levels. However, there are some categories of sellers that could have an impact in their local market. Buyer disappointment.

Marketing 410

Marketing MLS Mortgages Equity 410

Housing Wire

MAY 20, 2021

As the market continues to churn through distressed inventory, Black Knight expects overall delinquencies to “normalize” at pre-pandemic levels by the end of 2021. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. There are still 1.8

Mortgages 488

Mortgages Loans Agents As-is 488

Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. In the franchise category, No. Tracey Velt Editorial Director, RealTrends, a HousingWire sister company. And, the top firms grew market share at record rates. 1 was Iowa-based brokerage RE/MAX Precision with 498% growth.

Brokerage 382

Brokerage Residential Title Mortgages 382

Housing Wire

SEPTEMBER 21, 2022

In August, NAR found that the inventory of existing homes dropped 1.5% Inventory will remain tight in the coming months and even for the next couple of years,” Yun said. Existing home sales fell in all price categories in August, but were more pronounced on the lower end. month over month to 1.28 million or the equivalent of 3.2

Sales 369

Sales Construction Mortgages As-is 369

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. If I were a builder right now, I’d build as many houses as I could, because there is a lack of inventory, they’re pretty much the only sellers,” Roberts said.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

OCTOBER 13, 2023

We work with tech vendors that we believe are the top three in any respective category,” Moon said. In the current environment where mortgage lenders are in a big contraction given the lack of inventory, rising interest rates and affordability challenges, lenders need support, Moon noted. There is no silver bullet.

MLS 389

MLS Technology Mortgages Loans 389

Housing Wire

OCTOBER 28, 2020

These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. Furthermore, housing inventory shortages have pushed national home prices considerably higher on an annual basis,” Kan said. from 11.8%.

Fixed-rate mortgage 513

Fixed-rate mortgage Mortgages Loans Industrial 513

Calculated Risk Real Estate

APRIL 23, 2024

On inventory, according to the Census Bureau : "A house is considered for sale when a permit to build has been issued in permit-issuing places or work has begun on the footings or foundation in nonpermit areas and a sales contract has not been signed nor a deposit accepted." This represents a supply of 8.3 months at the current sales rate."

Sales 68

Sales Construction Closing Development 68

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” Nationwide, inventory is at all-time lows. Here are 10 solutions for sellers who what to buy that go beyond waiting and watching for magic inventory to appear.

Equity 284

Equity MLS Construction Agents 284

Housing Wire

AUGUST 27, 2020

Anecdotally, Realtors are telling me there is no shortage of clients or home seekers, but that scarce inventory remains a problem,” Yun said. “If However, a category 4 hurricane in the Gulf could put some of those deals at risk. That would bring the full-year total to 5.4 million, a 1.1% gain compared with 2019. rose 25.2% rose 25.2%

Sales 477

Sales Residential Loans Mortgages 477

Housing Wire

MAY 12, 2021

Within those categories, each city was scored on a scale of 1 (the top score) to 179 (the lowest score) based on sales per agent, annual median wage for real-estate agents, housing-market health index, and more. A recent WalletHub study of 179 U.S. Certain cities are bigger hotspots than others, though. Similarly, Washington D.C.

Agents 402

Agents Sales Marketing 402

Housing Wire

JULY 27, 2022

There are now fewer possible borrowers considering refinances due to the increased interest rates, while most potential purchasers are encountering low inventory that has led to multiple bids on properties, cash offers and ongoing searches. Adding up the inputs and direct labor categories will provide an accurate overall cost to originate.

Mortgages 370

Mortgages Marketing Lending Loan Officer 370

Housing Wire

FEBRUARY 14, 2023

Other categories that contributed to the monthly increase included motor vehicle insurance (1.4%), recreation (0.5%), apparel (0.8%) and household furnishings and operations index (0.3%). In many markets across the country, the housing market has bottomed out and buyers are back, often facing still-low inventory and stiff competition.

MLS 373

MLS Equity Mortgages Design 373

Housing Wire

JUNE 26, 2023

However, the 168% figure is consistent with Fitch’s guidelines for an “A” category rating. In 2022, the title industry’s aggregated risk-adjusted capital (RAC) ratio, which is a measure of resiliency of a financial institution’s balance sheet to endure an economic risk or recession, fell to 168%, compared to 182% in 2021.

Title 335

Title Industrial Mortgages As-is 335

Housing Wire

JULY 12, 2023

Shelter, which is the largest category, also posted a sizable increase, rising 7.8% In the meantime, with inventory hovering around record lows and mortgage rates north of 7%, a generation of Americans is being forced to the sidelines, excluded from the ability to build wealth through homeownership. year over year (down from 8.0%

MLS 317

MLS Commercial Construction Mortgages 317

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. So the products I’ve put into this category are really focused on either helping agents win listings or helping them convert lookers into buyers. I’ve broken this down into three sub-categories.

Design 246

Design MLS Agents As-is 246

Marco Santarelli

JANUARY 5, 2024

This revelation comes amidst a backdrop of challenges such as low inventory and relatively high mortgage rates and prices. Cities like Cincinnati, Columbus, and Indianapolis lead the pack due to solid economic fundamentals, fast-moving housing inventory, and expectations for stable home values. What sets these markets apart?

Marketing 105

Marketing Construction New Construction Mortgages 105

Realty Biz

APRIL 4, 2024

List of the 10 Metro Areas with the Largest Share of Price Reductions of Total Inventory Tampa-St. Surge in Home Listings as Inventory Climbs From January 2024 to March 2024, the inventory of actively listed homes reached its highest level since 2020. Petersburg-Clearwater, Fla. Phoenix-Mesa-Chandler, Ariz. Jacksonville, Fla.

Marketing 62

Marketing Finance Residential Mortgages 62

Housing Wire

MAY 18, 2021

But when inventory dropped to a third of its normal amount, everything changed. Within those categories, each city was scored on a scale of 1 (the top score) to 179 (the lowest score) based on sales per agent, annual median wage for real-estate agents, housing-market health index, and more. ” A recent WalletHub study of 179 U.S.

Marketing 433

Marketing Agents Sales As-is 433

Housing Wire

JANUARY 30, 2024

The private-capital category continues to grow as MSRs continue to become a maturing asset class,” Smith explained. And so we [ RPCM] and many others in our category are raising capital and intend to be kind of permanent participants in this market. “I That’s probably one of our biggest areas of concentration today.”

Marketing 372

Marketing Principal Banks Loans 372

Housing Wire

AUGUST 17, 2023

In my previous article about renegotiating your vendor contracts , I talked about taking an inventory of your systems, providers and contracts so you can work with your vendors to get better pricing. But continuous tweaks like this can keep your business on the right path and mean the difference between profit and loss.

Technology 299

Technology Principal Brokerage Agents 299

Marco Santarelli

MAY 11, 2024

Thankfully, the data reveals minimal growth in this category, rising from 2.6% Tight inventory, with a scarcity of homes available for purchase, and a strong investor market could act as buffers, preventing a significant price drop. However, the market isn't without its countervailing forces.

Mortgages 95

Mortgages Marketing Equity Pre-approval 95

BubbleInfo

JANUARY 19, 2021

It’s a bonanza if you are in the multiple-millions category – there are hundreds of choices! If you want to stay under $1,500,000, the inventory looks bleak: NSDCC Active Inventory Town or Area Zip Code Actives Under $1.5M What’s it like being a home buyer today? Actives Over $1.5M

Agents 98

Agents Marketing 98

Keeping Current Matters

AUGUST 12, 2021

According to a recent report by the National Association of Realtors (NAR), our current supply of homes for sale, while rising, still remains solidly in sellers’ market territory: “ Unsold inventory sits at a 2.6-month Let your real estate professional know if you fall in this category. month supply but down from 3.9 Bottom Line.

Renovation 257

Renovation Design Sales Marketing 257

Housing Wire

NOVEMBER 9, 2022

Amid rising interest rates and low housing inventory, the industry as a whole is wondering when the light at the end of the tunnel will finally shine through. If you work in the mortgage industry, the challenges of the current housing market are likely top of mind. Driving down overall cost is huge, both for the lender and end borrower.

Mortgages 379

Mortgages Industrial Banks Marketing 379

Housing Wire

APRIL 28, 2022

Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. Although the purchase category saw a small decrease – dropping by 2,300 orders – falling refinance volume was most responsible for reduced title volume.

Title 358

Title Commercial Technology Marketing 358

Housing Wire

MARCH 18, 2022

Additionally, Offerpad’s agents help buyers, and, according to a Securities and Exchange Commission filing from earlier this month, give buyers early access to inventory instantly bought by Offerpad. Offerpad puts its work with home sellers into two different categories.

Agents 399

Agents Brokerage Title As-is 399

Marco Santarelli

OCTOBER 14, 2023

These escalating rates, coupled with elevated home prices and constrained housing inventory, pose a trifecta of headwinds exacerbating the housing affordability crisis. Insights into the Future of Mortgage Rates and Housing Inventory For the housing market to recover, experts suggest several critical conditions must be met.

Marketing 100

Marketing Mortgages Sales As-is 100